PE-Backed Pattern Energy Files for IPO to Raise $345M – Reuters

Renewable power producer Pattern Energy Group LP, which has its U.S. headquarters in San Francisco and its Canadian office in Toronto, has filed for an IPO to raise up to US$345 million, reports Reuters. The company owns and operates wind power projects, and has an interest in eight projects located in the United States, Canada and Chile, representing a combined capacity of 1,041 megawatts. In April, Pattern and partner Samsung Renewable Energy Inc. broke ground on their South Kent Wind project in southwestern Ontario. With the backing of U.S. private equity firm Riverstone Holdings, Pattern was formed in 2009 from the wind development portfolio of Babcock & Brown‘s North American Energy Group.

For more information about Pattern Energy Group LP, please visit the company’s website.

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